Australian Tax Rates & Tables 2024-25
Tax Rates & Tables 2024-25 We’ve created a quick reference guide for you containing the 2024-25 tax rates. Covering both individual and company tax rates, tax offsets, superannuation, depreciation and fringe benefits tax. This easy to print desktop guide is available to download and print. We’re ready to help. If have any questions about the Tax Rates, please contact our team on +61 3 9820 6400. Disclaimer: This is not advice. You should not act solely on the basis of the material contained in this post. These are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any [...]
Corporate Advisor Spring Edition 2024
In this issue of Corporate Advisor, we explain 14, financial-reporting, corporate-governance regulatory topics of crucial importance to CFOs and directors. 30 June reporting season is here, and there is much for all to absorb and act upon. ASIC’s focus areas are like prior years – impairment and asset values, provisions, events occurring after year-end and before completing financial reports, disclosures in the reports and operating and financial reviews. What gives them a different complexion is the current uncertain markets and economic conditions. We need to take a fresh look at what ASIC is telling us in new focus areas and enduring ones. Hall Chadwick team trust that the appendix ASIC ‘enduring’ focus areas for financial reporting will help preparers, audit committees, and directors. Under [...]
Superannuation Guarantee and Concessional Contribution Changes
Written by: Hall Chadwick Queensland Superannuation Guarantee (SG) As part of the Australian government’s long-term plan to ensure adequate retirement savings for employees, the SG rate has continued to rise. The most notable recent change occurred on 1 July 2024, when the SG rate increased from 11% to 11.5%. This increase is part of a phased plan to reach a 12% contribution rate by 1 July 2025. Employers Employers are legally obligated to adhere to the SG rates and ensure contributions are made on time. Key considerations include: Budgeting for Increased Contributions: The incremental rises in SG rates require careful financial planning to accommodate the additional costs. Payroll Adjustments: Employers must update their payroll systems to reflect the changes in [...]
Achieving Great Place to Work Re-certification
Hall Chadwick Melbourne is proud to announce our re-certification as a Great Place To Work! A big thank you to our dedicated team members for their contributions to our ongoing success and recognition. At Hall Chadwick Melbourne, we prioritise our team member’s growth and wellbeing. Here are some of the great benefits we offer: Continuous Learning: We invest in your professional development through ongoing learning opportunities. Recognition: Achievements are acknowledged and celebrated. Work-Life Balance: We support you in balancing your personal and professional commitments. Mentoring: Benefit from mentorship provided by our experienced managers and directors. Training Programs: Access both internal and external training sessions led by expert facilitators. National and International Opportunities: Explore real growth prospects through our extensive network. [...]
Tax Planning Year End Guide 2024
As we approach the end of the 2024 financial year, tax planning has never been more important. Now is a good time to think about opportunities and risks that should be addressed before 30 June 2024. To help you with this, our guide summaries some key tax planning tips which should be considered before the end of the financial year, 30 June 2024. We encourage you to schedule a meeting with us as soon as possible to assess your tax planning options. Download Our Year End Tax Planning Guide Does this change my position? Get in contact with our advisors Our Practice Leaders
Federal Budget 2024-25 | Hall Chadwick
Federal Budget - Perspective The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget at 7:30 pm (AEST) on 14 May 2024. Described as a “responsible Budget that helps people under pressure today” , the Treasurer has forecast a second consecutive surplus of $9.3 billion. The main priorities of the government, as reflected in the Budget, are helping with the cost of living, building more housing, investing in skills and education, strengthening Medicare and responsible economic management to help fight inflation. The key tax measures announced in the Budget include extending the $20,000 instant asset write-off for eligible businesses by 12 months until 30 June 2025, introducing tax incentives for hydrogen production and critical minerals production, strengthening foreign resident [...]